Krane Funds Advisors LLC raised its stake in JD.Com Inc (NASDAQ:JD) by 10.9% during the 1st quarter, HoldingsChannel.com reports. The firm owned 3,318,275 shares of the information services provider’s stock after acquiring an additional 326,705 shares during the quarter. JD.Com accounts for about 5.9% of Krane Funds Advisors LLC’s portfolio, making the stock its 5th largest position. Krane Funds Advisors LLC’s holdings in JD.Com were worth $100,046,000 as of its most recent SEC filing.
A number of other large investors also recently added to or reduced their stakes in JD. Hillhouse Capital Advisors Ltd. acquired a new stake in shares of JD.Com during the fourth quarter valued at about $314,813,000. BlackRock Inc. grew its stake in shares of JD.Com by 8.1% during the fourth quarter. BlackRock Inc. now owns 35,200,026 shares of the information services provider’s stock valued at $736,736,000 after acquiring an additional 2,650,221 shares in the last quarter. Truewealth LLC grew its stake in shares of JD.Com by 13.2% during the fourth quarter. Truewealth LLC now owns 3,829 shares of the information services provider’s stock valued at $80,000 after acquiring an additional 445 shares in the last quarter. Goodwin Daniel L acquired a new stake in shares of JD.Com during the fourth quarter valued at about $209,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of JD.Com during the third quarter valued at about $3,825,000. 47.59% of the stock is currently owned by institutional investors.
JD stock traded up $0.70 during midday trading on Wednesday, reaching $30.38. The company had a trading volume of 7,050,394 shares, compared to its average volume of 18,498,268. The company has a quick ratio of 0.50, a current ratio of 0.83 and a debt-to-equity ratio of 0.21. JD.Com Inc has a fifty-two week low of $19.21 and a fifty-two week high of $45.23. The company has a market cap of $33.93 billion, a P/E ratio of -1,012.50 and a beta of 1.30.
JD.Com (NASDAQ:JD) last issued its earnings results on Thursday, February 28th. The information services provider reported ($0.03) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.11) by $0.08. JD.Com had a return on equity of 0.46% and a net margin of 0.69%. The company had revenue of $19.61 billion during the quarter, compared to the consensus estimate of $19.34 billion. Analysts expect that JD.Com Inc will post 0.36 EPS for the current fiscal year.
A number of research firms recently commented on JD. UBS Group downgraded JD.Com from a “buy” rating to a “neutral” rating in a research note on Thursday, January 31st. ValuEngine upgraded JD.Com from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. CLSA upgraded JD.Com from an “underperform” rating to an “outperform” rating and lifted their price target for the stock from $24.00 to $31.00 in a research note on Friday, March 1st. Macquarie set a $22.00 price target on JD.Com and gave the stock a “hold” rating in a research note on Friday, January 25th. Finally, Daiwa Capital Markets set a $38.00 price target on JD.Com and gave the stock a “buy” rating in a research note on Friday, March 1st. Twelve equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. JD.Com has an average rating of “Hold” and a consensus target price of $32.22.
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JD.com, Inc, through its subsidiaries, operates as an e-commerce company and retail infrastructure service provider in the People's Republic of China. It operates in two segments, JD Retail and New Businesses. The company offers home appliances; mobile handsets and other digital products; desktop, laptop, and other computers, as well as printers and other office equipment; furniture and household goods; apparel; cosmetics, personal care items, and pet products; women's shoes, bags, jewelry, and luxury goods; men's shoes, sports gears, and fitness equipment; automobiles and accessories; maternal and childcare products, toys, and musical instruments; and food, beverage, and fresh produce.
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